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Brazil's Raizen To Invest $7 Billion Over Five Years

SAO PAULO -(Dow Jones)- Newly created Brazilian sugar and ethanol company Raizen will invest the equivalent of $7 billion in its operations over the next five years, Raizen President Vasco Dias said Tuesday. Dias told reporters the bulk of the investment money, some $5 billion, will go to sugarcane and ethanol development and electric power generation. The rest, some $2 billion, will go to distribution and logistics. Raizen was created earlier this month as a joint venture of Royal Dutch Shell PLC (RDSA.LN) and Brazilian sugar and ethanol group Cosan Industria e Comercio SA (CSAN3.BR). Raizen will produce and sell over 2 billion liters a year of ethanol made from Brazilian sugarcane. It will distribute biofuels and over 20 billion liters of other industrial and transport fuels annually through a combined network of nearly 4,500 Shell-branded service stations. Raizen also will boost sugarcane-crushing capacity to 100 million metric tons a year, up from current output of 60 million tons, Dias said. Ethanol production is expected to more than double over the next five years to five billion liters a year. -By Paulo Winterstein, Dow Jones Newswires; 55-11-3544-7090; brazil@dowjones.com

Stock News for Cosan Limited Cl A (CZZ)
DateTimeHeadline
06/23/201516:38:20Amended Annual and Transition Report (foreign Private Issuer...
06/11/201506:02:14Report of Foreign Issuer (6-k)
05/27/201513:06:23Report of Foreign Issuer (6-k)
05/08/201512:52:25Report of Foreign Issuer (6-k)
05/06/201503:22:21Cosan Limited Cut to "Buy" at HSBC (CZZ)
04/30/201515:36:02Annual and Transition Report (foreign Private Issuer) (20-f)
04/22/201516:36:06Amended Report of Foreign Issuer (6-k/a)
04/07/201516:41:52Amended Report of Foreign Issuer (6-k/a)
03/31/201516:46:12Report of Foreign Issuer (6-k)
03/19/201517:12:05Report of Foreign Issuer (6-k)
03/10/201517:07:02Amended Statement of Beneficial Ownership (sc 13d/a)
11/10/201413:20:04Report of Foreign Issuer (6-k)
09/30/201412:08:08Report of Foreign Issuer (6-k)
08/15/201413:19:27Report of Foreign Issuer (6-k)
07/28/201418:10:48Brazilian Stocks Close Lower; Real Stronger Against Dollar

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